56 Grandview Boulevard
About This Property
This five-bedroom, 2.5-bath main residence showcases vaulted ceilings, a warm and inviting family room anchored by a wood-burning fireplace, and an open-concept design perfect for everyday living and entertaining.
The open kitchen is the heart of the home, featuring custom cabinetry, granite countertops, a center island, coffee bar, wine refrigerator and stainless steel appliances.
The thoughtfully designed floor plan features two bedrooms on the main level, including a spacious suite with a versatile flex room offering endless possibilities as a home office, nursery, fitness room, or optional fifth bedroom. Upstairs, you'll find two generously sized bedrooms with a jack and jill bathroom, charming loft, and abundant walk-in attic storage.
Designed with flexibility in mind, this unique property also includes two accessory dwelling units (ADUs), creating endless opportunities for multigenerational living, private guest accommodations, home office space, or income-producing rentals. Whether you're caring for extended family, hosting visitors, or looking to offset ownership costs through rental income, these detached living spaces provide exceptional value and versatility.
Step outside to your own private retreat, where a sprawling patio, pergola-covered fire pit surrounded by swings, two storage sheds and mature landscaping create the perfect setting for relaxing or entertaining.
Rarely does a property combine an unbeatable Indian River location, a beautifully updated main home, two ADUs, and a full acre of privacy. Whether you're seeking a multigenerational estate, an investment opportunity, or simply room to spread out and enjoy Florida living, this one-of-a-kind property delivers it all!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Sold | ||
| Sold | |||
| Jul 30, 2026 | In contract | - | |
| In contract | |||
| Jul 22, 2026 | Listed by Blue Marlin Real Estate | $760,000 | |
| Listed by Blue Marlin Real Estate | |||
| Apr 26, 2023 | Sold | ||
| Sold | |||
| Jan 26, 2023 | Listed by PASTERMACK REAL ESTATE | $575,000 | |
| Listed by PASTERMACK REAL ESTATE | |||
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Extraordinary location one block from the Indian River. A full acre of privacy! Remodeled 5 bedroom 2.5 bath paradise boasts vaulted ceilings in warm family room centered on wood burning fireplace. Spacious kitchen, custom cabinetry, granite counters, coffee bar, center island, wine fridge & stainless appliances including NEW fridge. Open floor plan. Slate, LVP and wood floors. Master suite extends into private office, overlooks backyard. Amazing storage under the stairs bathed in natural light from quaint loft. Double bedrooms and full bath upstairs. Walk-in attic storage. Indoor Laundry. Ample Storage. Sprawling patio, pergola covered firepit surrounded by swings. Detached oversized 1 car garage/workshop plus 2 additional storage sheds. RV Power & Pad, 3 Yr Metal Roof, Hurricane Windows!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017